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<Research>CICC: BILIBILI-W 1Q Non-GAAP Net Profit In Line; TP Axed to HKD194
Recommend 8 Positive 11 Negative 6 |
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BILIBILI-W (09626.HK) (BILI.US) reported 1Q non-GAAP net profit broadly in line with CICC's expectations. 1Q revenue rose 6.7% YoY to RMB7.472 billion, roughly meeting both the broker's and market's expectations. Non-GAAP net profit mounted 63.4% YoY to RMB593 million, broadly in line with the broker's forecast of RMB573 million and above the consensus of RMB535 million. Taking into account revenue mix and adjustments to R&D expenses, CICC maintained its 2026/2027 non-GAAP net profit forecasts. It maintained an Outperform rating. In light of a sector valuation reset, it axed the H-share TP by 16.4% to HKD194 and slashed the US-share TP by 16.7% to USD25. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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